The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ANGLOGOLD ASHANTI LIMITED SPONSORED ADR 035128206 125,341 5,974,331 SH   DFND 1 5,974,331 0 0
APA CORPORATION COM 03743Q108 80,670 3,000,000 SH   DFND 1 3,000,000 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 2,114 17,793 SH   DFND 1 17,793 0 0
ATHENE HOLDING LTD CL A G0684D107 6,432 77,188 SH   DFND 1 77,188 0 0
BALLYS CORPORATION COM 05875B106 38,060 1,000,000 SH   DFND 1 1,000,000 0 0
BARRICK GOLD CORP COM 067901108 86,389 4,546,771 SH   DFND 1 4,546,771 0 0
BAUSCH HEALTH COS INC COM 071734107 713,416 25,839,035 SH   DFND 1 25,839,035 0 0
BAIDU INC SPON ADR REP A 056752108 3,024 20,327 SH   DFND 1 20,327 0 0
BP PLC SPONSORED ADR 055622104 26,630 1,000,000 SH   DFND 1 1,000,000 0 0
BRIGHTSPHERE INVT GROUP INC COM 10948W103 229,123 8,950,121 SH   DFND 1 8,950,121 0 0
CERNER CORP COM 156782104 44,021 474,010 SH   DFND 1 474,010 0 0
DIDI GLOBAL INC SPONSORED ADS 23292E108 59,271 11,901,904 SH   DFND 1 11,901,904 0 0
ENDO INTL PLC SHS G30401106 65,150 17,327,012 SH   DFND 1 17,327,012 0 0
EQUINOX GOLD CORP COM 29446Y502 16,900 2,500,000 SH   DFND 1 2,500,000 0 0
EXXON MOBIL CORP COM 30231G102 68,839 1,125,000 SH   DFND 1 1,125,000 0 0
HORIZON THERAPEUTICS PUB L SHS G46188101 646,560 6,000,000 SH   DFND 1 6,000,000 0 0
HYCROFT MINING HOLDING CORP *W EXP 10/12/202 44862P125 25 151,507 SH   DFND 1 151,507 0 0
IAMGOLD CORP COM 450913108 5,791 1,850,000 SH   DFND 1 1,850,000 0 0
INTERNATIONAL TOWER HILL MIN COM 46050R102 57,515 61,930,724 SH   DFND 1 61,930,724 0 0
KIRKLAND LAKE GOLD LTD COM 49741E100 54,655 1,302,853 SH   DFND 1 1,302,853 0 0
KRANESHARES TR CSI CHI INTERNET 500767306 18,245 500,000 SH   DFND 1 500,000 0 0
NEWMARK GROUP INC CL A 65158N102 43,445 2,323,254 SH   DFND 1 2,323,254 0 0
NOVAGOLD RES INC COM NEW 66987E206 152,472 22,226,300 SH   DFND 1 22,226,300 0 0
OVERSEAS SHIPHOLDING GROUP I CL A NEW 69036R863 11,844 6,300,000 SH   DFND 1 6,300,000 0 0
OCCIDENTAL PETE CORP COM 674599105 108,713 3,750,000 SH   DFND 1 3,750,000 0 0
PACIRA BIOSCIENCES INC COM 695127100 102,626 1,705,599 SH   DFND 1 1,705,599 0 0
PERPETUA RESOURCES CORP COM 714266103 117,665 24,771,542 SH   DFND 1 24,771,542 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 43,400 1,000,000 SH   DFND 1 1,000,000 0 0
SEABRIDGE GOLD INC COM 811916105 34,134 2,070,000 SH   DFND 1 2,070,000 0 0
SSR MNG INC COM 784730103 55,228 3,120,242 SH   DFND 1 3,120,242 0 0
TELLURIAN INC NEW COM 87968A104 15,400 5,000,000 SH   DFND 1 5,000,000 0 0
THRYV HLDGS INC COM NEW 886029206 87,934 2,137,944 SH   DFND 1 2,137,944 0 0
TIM S A SPONSORED ADR 88706T108 45,396 3,900,000 SH   DFND 1 3,900,000 0 0
TOTALENERGIES SE SPONSORED ADS 89151E109 22,752 460,000 SH   DFND 1 460,000 0 0
TRILOGY METALS INC NEW COM 89621C105 23,640 14,326,996 SH   DFND 1 14,326,996 0 0
VANECK ETF TRUST OIL SERVICES ETF 92189H607 30,499 165,000 SH   DFND 1 165,000 0 0